Billion

<ul> 
 <li><strong>Trading volume for XRP soars to $1.4 billion amid market growth.</strong></li> 
 <li><strong>XRP gets close to $30 billion market cap; possibility of reaching top 600 global position.</strong></li> 
</ul>  
<p>CoinMarketCap reports a notable rise in the trading volume of the well-known cryptocurrency XRP within the last day. 30% more spot market trading volume reached $794 million.</p> 
<p>Apart from the spot market, the trading volume of <a href="https://www.crypto-news-flash.com/update-in-ripple-vs-sec-case-as-billion-dollar-institutions-predict-xrp-etf-for-2025-can-it-drive-price-past-5/" target="_blank" rel="noopener">XRP</a> derivatives—more especially, perpetual futures—increased by 11.29% in the last 24 hours to $608.21 million. As such, $1.4 billion is believed to have been traded in XRP overall during this time.</p> 
<h2 id="xrp-approaches-significant-market-cap-milestone">XRP Approaches Significant Market Cap Milestone</h2> 
<p>As XRP gets closer to the significant $30 billion market capitalization threshold, trading volumes are rising as well. With its market capitalization of $29.32 billion at the moment, XRP is just 2.26% short of this significant mark.</p> 
<p>Remarkably, XRP has already crossed this line but was unable to stay there. Market players are keeping a close eye on whether fresh interest will enable <a href="https://www.crypto-news-flash.com/xrp-price-outperforms-bitcoin-trading-volume-skyrockets-by-60-can-it-propel-price-to-0-65/">XRP</a> to surpass this important threshold at last.</p> 
<p>An indication of growing interest from market players is the increase in transaction volume. The current market capitalization to trading volume ratio of 4.66%, which is within the typical range of activity, indicates that market participation is strong. Once its market capitalization exceeds $30 billion, <a href="https://www.crypto-news-flash.com/donald-trump-the-future-of-bitcoin-and-xrp-will-be-shaped-in-the-us/" target="_blank" rel="noopener">XRP</a> can be one of the top 600 companies globally.</p> 
<h3 id="strong-current-price-and-market-sentiment-strong"><strong>Current Price and Market Sentiment</strong></h3> 
<p>As of writing, the price of XRP is at <strong>$0.5327</strong>, down <span style="color: #ff0000;"><strong>0.12%</strong></span> in the last 24 hours, according to CoinMarketCap data. Still, with a <strong><span style="color: #339966;">3.85%</span></strong> rise over the last seven days, this also suggests a bullish position. CNF had previously reported that, with <a href="https://www.crypto-news-flash.com/xrp-set-for-breakout-after-new-u-s-crypto-law/">new US crypto laws</a>, XRP might rise beyond the $0.53 level.</p> 
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